ARNOLDO MONDADORI EDITORE S.P.A. FY23 Results
Investor Presentation
Antonio Porro - CEO Alessandro Franzosi - CFO
Milan, 14 March 2024
AGENDA
- FY 2023 Highlights
- FY 2023 Results
- FY 2023 Business Areas
- FY 2024 Outlook
FY23 - Corporate Highlights
Another year of profitable growth and
core business development
3
The Group strategic repositioning …
An almost pure book player
REVENUES ADJ. EBITDA
MEDIA
BOOKS
&
RETAIL
DIGITAL | 6% | 6% |
9% | 4% | |
85% 90%
which contributes to 90% of Group's margin
4
- has allowed the relevant profitability increase
- mn
EBITDAAdj. | 152.1 | 136.3 | 110.4 | ||
105.7 | |||||
98.1 | |||||
2023 | 2022 | 2021 | 2020 | 2019 |
Adj.Net | Profit | 70.8 | 63.9 | |||
42.4 | 34.1 | |||||
21.9 | ||||||
+38% vs 2019
Doubled vs
2019
5
Highlights - FY23
- mn
Revenue | |
+0.2% | |
904.7 | 903.0 |
FY 23 | FY 22 |
Adjusted EBITDA | EBIT |
+11.5% | +15.8% | ||
152.1 | |||
136.3 | 84.2 | 72.7 | |
FY 23 | FY 22 | FY 23 | FY 22 |
Net Result | Ordinary Cash Flow |
+19.9% | +15.1% |
62.452.1
FY 23 | FY 22 |
68.7 | 59.7 |
FY 23 | FY 22 |
6 |
Highlights FY23 - Results vs Guidance
Group results beat expectations
REVENUE
Adj. EBITDA
Net Result
Ord. Cash Flow
NFP/Adj. EBITDA IFRS16
GOALS
Low single-digit growth
High single/low double-
digit growth
(margin 16-17%)
+20%
Up to +15%
(€ 65-70 mn)
= 1.0x
RESULTS
+0.2% (1.1% LFL)
+11.5%
(margin 16.8%)
+20%
+15% (€ 68.7 mn)
= 1.0x
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AGENDA
- FY 2023 Highlights
- FY 2023 Results
Highlights
Cash flow & NFP ESG
- FY 2023 Business Areas
- FY 2024 Outlook
Revenue - FY23
€ mn
2022 | +1.1% LFL | 2023 |
+17.4 | +29.9 | |
-14.5 | -31.1 | |
+47.3 € mn -45.6€ mn
Core Business | Core Business | Media Print | Media Print |
- LFL | - M&A | - LFL | - M&A |
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Adjusted EBITDA - FY23
€ mn
+15.7 € mn | ||
2022 | 2023 | |
+ 19.4 € mn +11.5% | ||
+14.2% | ||
+4.1 Trade
+3.7 Retail
+1.7 Media
-0.7 Corporate
+2.8 -6.4
+2.2
+2.7
+5.6
+8.9
Δ grants -3.6
Business | M&A | Paper | Energy | Distributi | Museum |
Cost | Cost | on relief - | grants | ||
Media |
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Disclaimer
Arnoldo Mondadori Editore S.p.A. published this content on 14 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2024 14:09:06 UTC.
